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  • #245,761
  • May 20, 2010 3:40pm May 20, 2010 3:40pm
Quoting Alexgee
I swear Gator, you should put your thoughts in writing, and that book should be required reading in economics schools everywhere. The most to the point analysis around. And you have a way with words too
it may seem that way..im just talking about the u.s. 20 years earlier.. i have a temp-let .. its us sheep in the u.s. that allowed it.. so we could spend 10$ for tennis shoes at wallmart..we spent trillions so an elite few could make billions.
those who can, do. those who cant, talk about those who can
  • #245,762
  • May 20, 2010 3:45pm May 20, 2010 3:45pm
Quoting hjs69
gatorinla thankz, I think you have said it all. The thing is we are still trading in the retracement form the big fall we had, so I think you have it right.
it may seem that way... but its just a normal move on my chart. the guys controlling this are not using a daily or weekly chart..they are using a conception chart.
those who can, do. those who cant, talk about those who can
  • #245,763
  • May 20, 2010 3:45pm May 20, 2010 3:45pm
Another classic insight Get the finger out

Quoting gatorinla
[indent]Lets cut through the bullshit.. the sky is falling.. ez owes more then they take in.. they have an aging population. the money they take in is shrink-en further. a high percentage of people work for the government. they have high unemployment. so the government cut backs will make unemployment even higher. the government wage cuts will make workers have less to spend..further making a bad situation worse!!! Asia...
Disclaimer: Check your 1m charts
  • #245,764
  • May 20, 2010 3:48pm May 20, 2010 3:48pm
After the storm.... nothing happens...! Managed to get out of that move up with only 30 pips loss, now what? Up or down?
  • #245,765
  • May 20, 2010 3:48pm May 20, 2010 3:48pm
Nice call from 2590 too G
Disclaimer: Check your 1m charts
  • #245,766
  • May 20, 2010 3:52pm May 20, 2010 3:52pm
i've a short at 2420 hold it or not ? bear still around ?
  • #245,767
  • May 20, 2010 3:52pm May 20, 2010 3:52pm
Quoting pipper
Another classic insight.
Well, that works in the Free market, here we got bunch of

Central banks cooperating to set Exchange rates.. Cannot fight those

guys with 5-50k accounts.. If EUR goes up I will buy more

to save my shorts. We'll have to figure out WHAT PRICE TARGET they

have in mind for EURUSD pair? WHAT is it? $1.30? $1.35?

What they think it's fair? Anybody have a clue?
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #245,768
  • May 20, 2010 3:55pm May 20, 2010 3:55pm
The Europeans aren't concerned about the exchange rate of the Euro, just the rate at which the Euro is dropping. They'll be just fine if EUR/USD reaches parity.. Since the vast majority of EU countries are exporters (particularly the head honcho Germany) they don't really need a strong currency like the US does. $15,000 VW Beetles will fly off the shelf, but it can't happen in a matter of days or weeks because exporters need time to adjust.

Rapid FX moves cause a serious headache for local businesses and industries and the ECB squawks and threatens the market in order to slow things down. A direct intervention in the currency markets would essentially be a gift by the ECB to the United States. For an economy on the brink of collapse that would be incredibly stupid. They are trying to scare us into slowing things down and today's price action proved that it works! It certainly freaked out the macro trader who banked a $400,000,000 EUR/USD short at 1.241.

The way to profit from the insanity is to short on strength, keep stops tight and take profit often. This won't be a straight shot down.
  • #245,769
  • May 20, 2010 3:55pm May 20, 2010 3:55pm
Quoting SkyzerFX
Well, that works in the Free market, here we got bunch of

Central banks cooperating to set Exchange rates.. Cannot fight those

guys with 5-50k accounts.. If EUR goes up I will buy more

to save my shorts. We'll have to figure out WHAT PRICE TARGET they

have in mind for EURUSD pair? WHAT is it? $1.30? $1.35?

What they think it's fair? Anybody have a clue?
Looking at all the mess here from our neighbors in Spain and here in Portugal, not to mention Greece (today another big strike across the country) for me it's overbought, but don't take my word for it... I am one of the 98% of guys that always lose in this damn market...
  • #245,770
  • May 20, 2010 3:56pm May 20, 2010 3:56pm
Quoting SkyzerFX
Well, that works in the Free market, here we got bunch of

Central banks cooperating to set Exchange rates.. Cannot fight those

guys with 5-50k accounts.. If EUR goes up I will buy more

to save my shorts. We'll have to figure out WHAT PRICE TARGET they

have in mind for EURUSD pair? WHAT is it? $1.30? $1.35?

What they think it's fair? Anybody have a clue?
Well, lets figure out a price that's not too high, because it will hurt the exports, and a price not too low, because it will cause inflation.. 0,8?
  • #245,771
  • May 20, 2010 3:56pm May 20, 2010 3:56pm
Quoting gatorinla
it may seem that way... but its just a normal move on my chart. the guys controlling this are not using a daily or weekly chart..they are using a conception chart.
do you know where i can find a chart that goes that far back? I cant seem to find one past 75'.
  • #245,772
  • May 20, 2010 3:59pm May 20, 2010 3:59pm
Quoting SkyzerFX
Well, that works in the Free market, here we got bunch of

Central banks cooperating to set Exchange rates.. Cannot fight those

guys with 5-50k accounts.. If EUR goes up I will buy more

to save my shorts. We'll have to figure out WHAT PRICE TARGET they

have in mind for EURUSD pair? WHAT is it? $1.30? $1.35?

What they think it's fair? Anybody have a clue?
If they are they want to restore some confidence, to stop the mauling. They have no target, they just want to stop the rate of decline.
  • #245,773
  • May 20, 2010 4:01pm May 20, 2010 4:01pm
Quoting pipper
Nice call from 2590 too G
wasnt me.. its on the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: gator.PNG Size: 53 KB
those who can, do. those who cant, talk about those who can
  • #245,774
  • May 20, 2010 4:02pm May 20, 2010 4:02pm
I'd have to agree with Pippy. They are not too worried about the Euro going down. It is the speed of the drop

Quoting SkyzerFX
Well, that works in the Free market, here we got bunch of

Central banks cooperating to set Exchange rates.. Cannot fight those

guys with 5-50k accounts.. If EUR goes up I will buy more

to save my shorts. We'll have to figure out WHAT PRICE TARGET they

have in mind for EURUSD pair? WHAT is it? $1.30? $1.35?

What they think it's fair? Anybody have a clue?
Disclaimer: Check your 1m charts
  • #245,775
  • May 20, 2010 4:02pm May 20, 2010 4:02pm
Quoting mfoste1
do you know where i can find a chart that goes that far back? I cant seem to find one past 75'.
eu dont go back that far.
those who can, do. those who cant, talk about those who can
  • #245,776
  • May 20, 2010 4:02pm May 20, 2010 4:02pm
Friggin Ass Charts

Quoting gatorinla
wasnt me.. its on the chart.
Disclaimer: Check your 1m charts
  • #245,777
  • May 20, 2010 4:03pm May 20, 2010 4:03pm
Stuck at 4 pips again for the last 10 minutes. Not nice.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 50 KB
Do not focus on making money; focus on protecting what you have.
  • #245,778
  • May 20, 2010 4:07pm May 20, 2010 4:07pm
Gigantic spreads now.. Even on direct ECN

EUR spread 5.5- 7.1? WTF usually I have it below 1.0..

Keep this in mind.. ( I will pause my scalping until I see this normalize)

IBFX bucket shop has 4 pips spread now on EU.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #245,779
  • May 20, 2010 4:07pm May 20, 2010 4:07pm
Quoting gatorinla
eu dont go back that far.
I know it didnt exist back then, but i have a chart that shows price from summer of 79'.....any idea what it might be charting?
  • #245,780
  • Edited 4:13pm May 20, 2010 4:11pm | Edited 4:13pm
That reminds me.. you can't see it on monthly charts unless you go way back, but there's a super duper monster 50% fib in EU at 1.215.. That "might" be the capitulation low (temporarily albeit) .. Cautious traders can easily profit by placing a sell stop at 1.2135 .. should be some major fireworks down there.. You might think you've seen a stop run, but that will be a stop avalanche..

happy trading folks.. it's miller time.
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